A Step-by-Step-Guide on how to buy Monero (XMR) in Georgia
Step 1 – Join Kraken You'll first need to buy units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero (XMR) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Monero (XMR) Once your deposit has been affirmed, you'll immediately have access to your funds and you can start buying and trading. To invest in (XMR) Monero on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. To discover (XMR) Monero, you'll need to insert the short name of the asset (XMR) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this also. Click on “XMR/BTC” to advance.
Step 4 – Acquisition of (XMR) Monero After you've discovered (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The “Price” field will be filled with the recent price Monero (XMR) was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of XMR you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of XMR. If you're happy, click on “Buy XMR”. Your plan will be filled as soon as a Vender sells their XMR for the price you submitted.
Step 5 – Withdraw Monero (XMR) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. In order to withdraw your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the quantity of Monero (XMR) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.